Euro Zone Production Drops to Three-Year Low in Recession Omen

Industrial weakness in October means quarter started badly
Report is final glimpse of hard data before ECB decision

Output in the euro zone region fell 0.7% from September, Eurostat said. — Output in the euro zone region fell 0.7% from September, Eurostat said.
Photographer: Peter Boer/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Craig Stirling

December 13, 2023 at 10:00 AM UTC

This article is for subscribers only.

The euro zone suffered a bigger-than-expected drop in industrial production in October, a sign of weakness that could mean the economy is in a recession.

Output in the region fell 0.7% from September, Eurostat said on Wednesday in Luxembourg. That exceeded the 0.3% decline anticipated by economists in a Bloomberg survey, bringing down the level of production to the lowest since 2020.